Abra to merge with Azul.

Abra, an air transportation group, agreed to merge with Azul, a Brazilian airline. Financial terms were not disclosed. "Azul was created with the aim of expanding the Brazilian airline market, seeking to increase Brazilians' access to air travel, regardless of where they are in the country, through expanded connectivity. This combination of forces would provide the opportunity to strengthen the sector, increasing the number of flights on offer, reaching more than 200 cities served in Brazil and the ability to compete in a highly globalized sector," John Rodgerson, Azul CEO.